Spun yarn export falls in May, China imported lesser this month

Related Keywords: Spun yarn export, textile export from india, yarn export to china, yarn export to iran, yarn export to turkey

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Spun yarn export falls in May, China imported lesser this month
Summary: 
Spun yarn exports declined in May 2014 after jumping over 19 per cent in April in a year-on-year comparison. During the month 99 million kg of spun yarns were exported worth US$335 million or Rs 1,995 crore. In terms of growth, the volumes were down 6 per cent while US$ earnings fell 10 per cent implying a faster fall in unit price realization, and also the Rupee depreciated 11 per cent against the US$.

Spun yarn exports declined in May 2014 after jumping over 19 per cent in April in a year-on-year comparison. During the month 99 million kg of spun yarns were exported worth US$335 million or Rs 1,995 crore. In terms of growth, the volumes were down 6 per cent while US$ earnings fell 10 per cent implying a faster fall in unit price realization, and also the Rupee depreciated 11 per cent against the US$. Average unit price realization was US$3.39 /kg, down US cents 15 than the realization a year ago but up US cents 5 from previous month.

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